Topic - Society For Worldwide Interbank Financial Telecommunication

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  • ** FILE ** A currency exchange bureau worker counts U.S. dollars, as Iranian bank notes are seen at right with portrait of late revolutionary founder Ayatollah Khomeini, in downtown Tehran, Iran, in this Wednesday, Dec. 21, 2011, file photo. (AP Photo/Vahid Salemi, file)

    SWIFT financial service cuts ties with Iran

    The SWIFT global financial transaction service said Thursday that it was cutting ties with Iranian banks that are subject to European Union sanctions aimed at discouraging the country from developing nuclear weapons.

  • World Briefs: SWIFT financial service cuts ties with Iran

    The SWIFT global financial transaction service said Thursday that it was cutting ties with Iranian banks that are subject to European Union sanctions aimed at discouraging the country from developing nuclear weapons.

  • **FILE** A currency exchange bureau worker counts U.S. dollars, as Iranian bank notes are seen at right with portrait of late revolutionary founder Ayatollah Khomeini, in downtown Tehran on Dec. 21, 2011. (Associated Press)

    Global clearinghouse ready to evict Iranian banks

    An international banking clearinghouse crucial to Iran's oil sales said Friday that it is preparing to discontinue services to Iranian financial institutions, an unprecedented and potentially devastating blow to Tehran as the West ramps up a campaign to stop its nuclear program.

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